The versatile Sporting Lisbon midfielder, who can also play in the centre of defence, is on the radar of a handful of clubs across europe, with Arsenal one of the favourites for his signature this month.

The north London club will face competition if they want to land the 23-year-old, who has ten international appearances to his name with one goal.

Spurs, linked with a host of players already this month, are also thought to be in the hunt for the unsettled star. Fiorentina and Barcelona are two other clubs believed to be in the frame, while AC Milan, Manchester City, Bolton, Juventus and Manchester United have all previously monitored the talented youngster.

Lisbon are thought to be looking to offload players in the January window, and Veloso has struggled with injuries and disagreements in his homeland in the past.

He has made no secret of his wish to play in other parts of europe in the past, and Gunners boss Wenger could look to bring the best out of a player who has yet to fulfill their massive potential.

“I am fine where I am, but I have the dream to play abroad and that is normal in every young player,” said Veloso.

At his peak, during Euro 2008, Veloso was valued close to the £20 million mark. However, the run of injuries has seen his value half, and an offer in the region of £8 million could be too good to refuse at the Estádio José Alvalade.

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